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Ric Fulop, CEO of Desktop Metal, confirmed to the Business Journal in a Thursday interview that the company is laying off some workers in Massachusetts.

Desktop Metal (DM) has announced an update to its cost reduction strategy for 2023 under which it will close four facilities and reduce its workforce by around 15%.It expects these…

Shares of Desktop Metal Inc. DM jumped 6.5% toward a two-month high in premarket trading Thursday, after the Boston-based 3D printing company said it would lay off about 15% of its employees and close four facilities. The moves are part of a cost-cutting plan, of which the company doubled its targeted annual savings to $100 million in 2023. The job cuts could affect about 205 employees, as the company had 1,370 employees at the end of 2021, according to the latest annual report. “These cost reductions will help us improve margins and reduce costs to accelerate our path to profitability,” said Chief Executive Ric Fulop. “The additive manufacturing industry continues to mature and expand even in a challenging macroeconomic environment.” The stock has tumbled 25.0% over the past three months, while the S&P 500 SPX has gained 9.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Desktop Metal''s ExOne''s 3D printed sand cores are currently being used in the industry with great success. Read more to see why DM stock is a Buy.

Desktop Metal Inc. (NYSE:DM)’s traded shares stood at 3.82 million during the last session, with the company’s beta value hitting 0.43. At the close of trading, the stock’s price was $1.71, to imply an increase of 6.21% or $0.1 in intraday trading. The DM share’s 52-week high remains $5.28, putting it -208.77% down since that … After Sinking 23.02% During Past Week, Is Desktop Metal Inc. (NYSE: DM) Still A Buy? Read More »

BOSTON--(BUSINESS WIRE)-- #3Dprinting--Desktop Metal''s Live Sinter software now offers sintering simulation with scan-based adjustments to make metal 3D printing even more accessible.

Desktop Metal, Inc. (NYSE: DM), a global leader in additive manufacturing technologies for mass production, today announced significant updates to Live Sinter — a powerful multi-physics sinter simulation software application that automates the generation of sinter-ready, printable geometries, as well as supports, setters, and inserts, to make repeatable, volume production of high-precision end-use

During the last session, Desktop Metal Inc. (NYSE:DM)’s traded shares were 4.32 million. At the end of the trading day, the stock’s price was $3.44, reflecting an intraday gain of 7.50% or $0.24. The 52-week high for the DM share is $9.69, that puts it down -181.69 from that peak though still a striking 63.37% … Is Desktop Metal Inc. (NYSE: DM) Still A Buy After A 5.20% Weekly Jump? Read More »

Desktop Metal found using ticker (DM) have now 5 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 6 and 2.5 and has a mean target at 3.76. With the stocks previous close at 3.25 this now indicates there is a potential upside of 15.7%. There is a 50 day moving average of 2.46 and the 200 day moving average is 3.99. The company has a market cap of $1,013m. You can visit the company''s website by visiting: https://www.desktopmetal.com [stock_market_widget type="chart" template="basic" color="green" assets="DM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,172m based on the market concensus. Desktop Metal engages in manufacture and sale of additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a mid-volume binder jetting platform; X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality; and Studio System, an office metal 3D printing system; and Fiber platform that offers a desktop 3D printer.

Desktop Metal, Inc. (NYSE: DM), a global leader in additive manufacturing technologies for mass production, today announced that it is expanding its partnership with Henkel on photopolymer material development, beginning with the qualification of Henkel’s Loctite 3D IND405 Black and Loctite 3D 3843 for use on the Xtreme 8K, the world’s largest DLP printer for high-volume production of end-use

Desktop Metal Inc - Class A (DM) shares closed today at 1.0% above its 52 week low of $9.06, giving the company a market cap of $2B. The stock is currently down 46.8% year-to-date, down 13.6% over the past 12 months, and down 5.7% over the past five years. This week, the Dow Jones Industrial Average fell 0.5%, and the S&P 500 fell 1.0%. Trading Activity Trading volume this week was 40.8% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -225.9% The company's stock price performance over the past 12 months lags the peer average by -116.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.

Toronto, Ontario--(Newsfile Corp. - July 7, 2021) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex") is pleased to announce that further to its press rele

Toronto, Kanada, den 7. Juli 2021 Datametrex AI Limited (das Unternehmen oder Datametrex) (TSXV: DM, FWB: D4G, OTC: DTMXF) freut sich unter Bezugnahme auf seine Pressemitteilung vom 21. Juni 2021 bekannt zu geben, dass Medi-Call Inc. (Medi-Call) nun vollständig in Datametrex integriert und für Wachstum im Bereich privater Telemedizin bereit ist.

Toronto, Ontario(Newsfile Corp. July 7, 2021) Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the Company or Datametrex) is pleased to announce that further to its press release of June 21, 2021, Medi-Call Inc. (Medi-Call) is fully incorporated into Datametrex and posed for growth with private telemedicine. Medi-Call, founded by Dr. Omar []